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Market comment | Oil prices soared more than 10% amid mounting geopolitical tensions

Published on Monday, September 16, 2019 | Updated on Wednesday, September 18, 2019

Market comment | Oil prices soared more than 10% amid mounting geopolitical tensions

Investors sought shelter in safe-haven assets after the attack on Saudi Arabia’s oil production heightened geopolitical risk between the U.S. and Iran.

Key points

  • Key points:
  • Sovereign bonds rose as market risk sentiment worsened.
  • The pound retreated.
  • Chinese economic data fell short of expectations.

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